Council Chair Dominic Yagong withdrew Bill 63, which was to reduce the land fund to a minimum of 1% of property taxes. Â THank you Chairman Yagong for listening to what the people wanted!
The council voted to over ride the Mayor’s budget, but couldn’t get the necessary 6 votes. Â Five council members voted for the over ride: Ford, Yagong, Hoffmann, Pilago and Smart. Â Â Those voting against the over ride were Blas, Onishi, Yoshimoto, Ikeda. Â The Mayor’s budget has the Land fund deposits as 2% of our property taxes.
So, 2% of our property taxes or roughly $4.146 million will be placed in the land fund for the fiscal year that starts July 1, 2011.
This means that the county could get an additional $4 million in matching funds to acquire properties.
To read about property purchases for the land fund click here: Â http://www.dhecht.com/?page_id=196
STAY TUNED FOR THE 2% LAND FUND CHARTER AMENDMENT: Â Council member Brenda Ford will be submitting a 2% charter amendment and we will need your support to get 6 votes from the council during 3 readings and the committee to get this on the ballot to let the voters decide in November of 2012.
A charter amendment can only be changed by a vote of the people.
WHY is this important?
1. A dependable source of funds to obtain matching funds
2. Â We won’t have to sit through budget hearings each year.
3. Â In an economic downturn the county can buy properties at a reduced price
STAY TUNED! Â We WILL need your help for this final effort.
Debbie Hecht Â Campaign Coordinator, Save OUr Lands Citizen’s Committee
Kailua Kona, HI